Ask the Mortgage Experts

First Time Buyer (FTB)?

I will be able to pay off my mortgage completely in 2 years time and then buy a second property. Will I be treated as a first time buyer again?

Marta

I regret not. As far as the government's first time buyer Stamp Duty Land Tax (SDLT) incentive you only qualify if you have never owned a house or a flat in the UK or anywhere else in the world and lenders have a similar qualification for any FTB mortgage products they offer.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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